The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline.
The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were back in 1992.
Read the rest of the article HERE.When Obama talked "change" back in 2008, Do you think most folks thought he was talking about their net worth?
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1 comment:
I saw this article elsewhere. All I can say is amen. We are not better off, and are afraid if things don't pick up this year, we won't have employment like so many others.
AZ
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